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Compare Texas Electric Rates

Learn more about the Texas Power Grid & choose your electric company

At Choose Energy, our reporters seek out information that puts you in control of your energy. Our partners do not direct our editorial content, though we may reference their products in our posts. Read about how we make money to learn more.

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Average Texas electricity rates (September 2023)

The latest update from the Energy Information Administration (EIA) as of June 2023 lists the average Texas electric rate as 14.20 cents per kilowatt-hour (kWh). This is a 7% increase from 13.29 cents in June 2022 but a 12% lower rate than the national average of 16.11 cents per kWh. Average Texas business electricity rates are also cheaper at 8.98 cents compared to 12.81 cents per kWh nationally.   

With temperatures in Texas remaining high, even as other areas of the country start to cool down, the Texas electricity grid is still struggling to keep up. The Energy Reliability Council of Texas (ERCOT) recently issued a weather watch for the first week of September, but so far, it hasn’t released a conservation request and expects the grid to handle demand.

Although the best times to shop for energy rates are during milder seasons like spring and fall, you can save money on your electricity bill amidst high summer energy rates by using the Choose Energy marketplace. We can help you compare Texas electricity rates, plans, and providers in your area to find the best energy option for your budget. Enter your ZIP code to get started today.

What is a good electricity rate in Texas?

Currently, the lowest Texas electricity rate is 11.1 cents per kWh at 1,000 kWh standard monthly usage. At the time of writing, the cheapest fixed-rate energy plans available on the Choose Energy marketplace are offered by several retail electricity providers (REPs), including Gexa Energy and Frontier Utilities.

Cheapest electricity by city

Use the following table to determine the best electricity rates in Texas by major cities like Houston, Dallas, and Fort Worth. We update this information monthly to help you find cheap light companies in Texas for your household’s needs.


Updated September 2023

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